OFR
The coalition government’s enthusiasm for consultation shows no sign of flagging.
“We will reinstate an Operating and Financial Review to ensure that directors’ social and environmental duties have to be covered in company reporting, and investigate further ways of i
Half of the UK's biggest companies are still producing operating and financial reviews (OFRs) despite the government scrapping the requirement in 2005.
The Financial Reporting Council says it has 'noted' the comments of the Chancellor made in his speech to the CBI's annual conference but believes that publishing an Operating and Financial Review (
Chancellor Gordon Brown said this week he will scrap the statutory requirement for an OFR (operating and financial review), which was to be compulsory for all listed companies from next April.
Richard Mallett addresses the key concerns of CIMA members about the new regulations and Richard Slynn considers the legal implications for directors.
The controversial standard setting out the principles for a mandatory Operating and Financial Review (OFR) in listed companies' accounts is the first of a new breed from the Accounting Standards Bo
